Sarepta Therapeutics, Inc. (NASDAQ:SRPT) Expected to Post Earnings of -$0.89 Per Share
Equities analysts forecast that Sarepta Therapeutics, Inc. (NASDAQ:SRPT) will announce earnings of ($0.89) per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Sarepta Therapeutics’ earnings, with the lowest EPS estimate coming in at ($1.29) and the highest estimate coming in at ($0.68). Sarepta Therapeutics posted earnings of ($1.18) per share during the same quarter last year, which indicates a positive year over year growth rate of 24.6%. The business is expected to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Sarepta Therapeutics will report full year earnings of ($3.37) per share for the current financial year, with EPS estimates ranging from ($3.74) to ($2.95). For the next year, analysts anticipate that the company will post earnings of ($1.74) per share, with EPS estimates ranging from ($2.91) to ($0.39). Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Sarepta Therapeutics.
Sarepta Therapeutics (NASDAQ:SRPT) last announced its quarterly earnings data on Wednesday, July 19th. The biotechnology company reported ($0.46) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.46. The company had revenue of $35.01 million for the quarter, compared to analysts’ expectations of $22.52 million. During the same period in the prior year, the firm earned ($1.19) earnings per share. The firm’s quarterly revenue was up 350000.0% on a year-over-year basis.
SRPT has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. set a $76.00 target price on shares of Sarepta Therapeutics and gave the stock a “buy” rating in a research report on Thursday, June 8th. Robert W. Baird reiterated an “outperform” rating and issued a $102.00 target price on shares of Sarepta Therapeutics in a research report on Sunday, April 23rd. Vetr downgraded shares of Sarepta Therapeutics from a “buy” rating to a “hold” rating and set a $36.86 target price for the company. in a research report on Monday, May 22nd. BidaskClub upgraded shares of Sarepta Therapeutics from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada cut their target price on shares of Sarepta Therapeutics from $91.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Sarepta Therapeutics presently has a consensus rating of “Buy” and an average price target of $61.28.
In other Sarepta Therapeutics news, Director Edward M. Md Kaye sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $41.00, for a total value of $410,000.00. Following the sale, the director now directly owns 62,471 shares in the company, valued at approximately $2,561,311. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Shamim Ruff sold 12,138 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $42.97, for a total transaction of $521,569.86. Following the completion of the sale, the senior vice president now owns 27,312 shares in the company, valued at $1,173,596.64. The disclosure for this sale can be found here. Insiders sold a total of 78,056 shares of company stock worth $3,224,208 over the last 90 days. Company insiders own 9.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of SRPT. Principal Financial Group Inc. raised its stake in Sarepta Therapeutics by 1.4% in the first quarter. Principal Financial Group Inc. now owns 9,455 shares of the biotechnology company’s stock valued at $280,000 after buying an additional 129 shares in the last quarter. Legal & General Group Plc raised its stake in Sarepta Therapeutics by 3.9% in the second quarter. Legal & General Group Plc now owns 17,590 shares of the biotechnology company’s stock valued at $593,000 after buying an additional 663 shares in the last quarter. Sigma Planning Corp raised its stake in Sarepta Therapeutics by 7.8% in the first quarter. Sigma Planning Corp now owns 12,895 shares of the biotechnology company’s stock valued at $382,000 after buying an additional 930 shares in the last quarter. Bank of Montreal Can raised its stake in Sarepta Therapeutics by 1.0% in the first quarter. Bank of Montreal Can now owns 98,775 shares of the biotechnology company’s stock valued at $2,924,000 after buying an additional 996 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Sarepta Therapeutics by 2.3% in the second quarter. Rhumbline Advisers now owns 61,462 shares of the biotechnology company’s stock valued at $2,072,000 after buying an additional 1,383 shares in the last quarter. Institutional investors own 64.58% of the company’s stock.
Shares of Sarepta Therapeutics (SRPT) opened at 38.52 on Monday. The stock’s market capitalization is $2.12 billion. Sarepta Therapeutics has a 52 week low of $23.51 and a 52 week high of $63.73. The stock’s 50 day moving average is $35.97 and its 200 day moving average is $32.56.
Sarepta Therapeutics Company Profile
Sarepta Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the discovery and development of ribose nucleic acid (RNA)-targeted therapeutics for the treatment of rare neuromuscular diseases. It operates through discovering, developing, manufacturing and delivering therapies to patients with Duchenne muscular dystrophy (DMD).
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